treasury department

WATCH: Yellen testifies on Biden’s proposed 2024 federal budget before House Committee

By Associated Press

Treasury Secretary Janet Yellen will testify before a House Appropriations Committee on Monday as she continues to make assurances that the banking system is safe.

Treasury Secretary Yellen visits Ukraine, underscores U.S. economic support

By Hanna Arhirova, Associated Press

U.S. Treasury Secretary Janet Yellen says her first visit to Ukraine underscores Washington's commitment to continuing its economic support for the country.

Treasury Department to increase borrowing amid debt ceiling standoff

By Fatima Hussein, Associated Press

The move highlights the ongoing debate over federal spending that has overtaken Washington, as the U.S. government is on track to max out on its $31.4 trillion statutory borrowing authority — also known as the debt ceiling.

As government nears debt limit, Biden and House Republicans prepare for face off

By Josh Boak, Associated Press

The countdown toward a possible U.S. government default is in the offing.

WATCH: Justice Department announces arrest of Russian cryptocurrency founder

By Eric Tucker, Josh Boak, Associated Press

A Russian national who founded a cryptocurrency exchange that the Justice Department says became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday.

Economists and business leaders raise alarm about looming debt ceiling deadline

By Laura Barrón-López, Kyle Midura

The U.S. is expected to bump into its borrowing limit in just a few days. The Treasury Department said it is taking "extraordinary measures" to allow the country to keep paying its debts for now, but Congress must vote to…

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Average long-term U.S. mortgage rate lowers to 6.58 percent

By Alex Veiga, Associated Press

The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers.

Supreme Court clears way for handover of Trump tax returns to Congress

By Mark Sherman, Associated Press

The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump's tax returns to a congressional committee after a three-year legal fight.

U.S. sanctions Haitian politicians on drug trafficking claims

By Fatima Hussein, Associated Press

Two Haitian politicians are facing U.S. sanctions over allegations they abused their positions to traffic drugs in collaboration with gang networks and directed others to engage in violence.